Three-Bldg. Office Complex Changes Hands in North Dallas

Adler Realty Investments sold The Forum at Beltline office complex in Addison, TX to tenants-in-common CIG Skillman and Symphony Commercial in a crossover 1031-exchange. Financial terms were not disclosed.

The Forum at Beltline is a three-building, 205,771-square-foot complex located at 4002-4006 Belt Line Rd. roughly 1.5 miles west of the Dallas North Tollway and 2.4 miles north of I-635 in the Quorum/Bent Tree submarket.

Completed in 1983, The Forum at Beltline is 94% leased to a tenant roster that includes Nerium International, Fitz Group Management, Vericlaim and MJD Architects, among others.

Ron Hebert and Michael Lawrence of Marcus & Millichap’s Newport Beach, CA office coordinated the disposition on behalf of the seller.